I found some Krylon Fusion at the local Michaels Arts & Crafts www.michaels.com , cost $6.49 (cdn) for a can. I also checked the local Canadian Tire, they carry it, but were out of stock on the gloss white, so I bought it from Michaels

Yeah.. get some mudflaps to cover it up later so it doesn't peel. Then your car will be cleaner too!

When I bought the car about a year ago, the paint had already started peeling, but the previous (also original) owner insisted the car had never had an accident. But I agree, it'* the only possible cause, also on closer inspection, I discovered that of the 3 screws (on each side) that attach the cladding to the rear wheel well sheet metal, the bottom screw is missing on both sides, more evidence the rear cladding has possibly been removed and reinstalled.

Anyway I used a brass bristle brush to take off all the loose paint, masked off the surrounding area and sprayed on a few coats of the Krylon Fusion. It'* been a few weeks now, and so far it'* holding up perfectly. I'll post pics of the finished job next chance I get. The Krylon Fusion worked great.

Glad you got it fixed. Did that paint match well?

there'* kind of a vertical ridge in the cladding where it wraps around and makes the transition from the wheel well to the rear fender, so I masked it off right along the ridge, then as I sprayed the paint I tried to "feather" it as I got close to the ridge. I'm happy with the result, even when I look at it and I know it'* been painted, so I know to look for a mis-match in the paint, I can't tell where the new paint ends and the old paint starts. And the Krylon Gloss White is a pretty close match to the Pontiac White (not sure, is it called Brite White, or something like that?)